SBI Card Fees Revised: If you have a State Bank of India credit card, be alert. SBI card fees may undergo a significant change starting November 1st. This could be a significant blow to customers’ wallets.
SBI Card Fees Revised: If you use a State Bank of India (SBI) credit card, this is very important news for you. SBI Card has announced changes to several of its service charges and fee structures. These new changes will come into effect on November 1, 2025. The new fees will apply to certain transactions, such as education payments, wallet loads, and card replacements. Overall, customers may incur additional fees on some transactions starting next month.
If you pay your school or college fees through a third-party app or add money to a digital wallet, an additional 1% charge will now apply. However, if you pay directly through the school, college, or university’s website or their POS machine, there will be no additional fee. This means you’ll need to be mindful of the payment method, as even small charges can have a significant impact on your wallet.
Adding money to your wallet will also incur a charge
According to a report in Financial Express, SBI Card will now charge a 1% tax on any amount exceeding ₹1,000 loaded into a digital wallet like Paytm or PhonePe. This charge applies to select merchant codes. This means that before recharging your wallet, it’s crucial to check whether the transaction is chargeable or not to avoid inadvertent additional expenses.
Old charges will remain in effect.
SBI Card has continued to apply the old service charges that were previously in effect. These include services such as cash payments, check payments, card replacement, and late payments.
Cash Payment Fee
₹250
Payment Dishonor Fee
₹2% of the payment amount (minimum ₹500)
Check Payment Fee
₹200
Cash Advance Fee
2.5% of the transaction (minimum Rs. 500)
Card Replacement Fee
Rs. 100 to 250 (Rs. 1,500 for Aurum cards)
If you don’t make the minimum payment on time, late fees will apply in different amount slabs.
Rs. 0–500
No charge
Rs. 500–1,000
Rs. 400
Rs. 1,000–10,000
Rs. 750
Rs. 10,000–25,000
Rs. 950
₹25,000–₹50,000
₹1,100
Above ₹50,000
₹1,300
If you miss a payment for two consecutive billing cycles, an additional ₹100 late fee will be charged. SBI Card says these changes are aimed at making fees and charges more transparent. This will ensure customers understand the applicable charges for each transaction.
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